Trading suggestion:
". There is a possibility of temporary to break to the suggested resistance line (358,40).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FB is NOT in a range bound, and the continuity of an uptrend is expected.
. The price is under the 21-Day WEMA, which acts as a dynamic resistance.
. 29 abril 2021 have a GAP bullish
. FIBO DAY: From March 1 to April 7 complete the first bullish FIBO. And on April 22, the second FIBO started with a target of 364.07. * danger has not yet closed FIBO fix *
. WEEKLY FIBO: From March 1 to April 7, the first bullish FIBO is completed. And on May 10, the second FIBO started with a target of 423.35. * danger has not yet closed FIBO fix *
Take Profits:
TP1= 423,35
TP2= 364,07
Stop:
Stop1= 242,83
Stop2= 21 Day WEMA
Trigger:
Trigger1= 359
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